Visa (V) Shares are Up 0.91%

Visa (V) : Traders are bullish on Visa (V) as it has outperformed the S&P 500 by a wide margin of 4.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.37%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.91% in the last 1 week, and is up 1.99% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 2.87%.The 200 Day SMA reached 7.02% Visa Inc. is up 6.78% in the last 3-month period. Year-to-Date the stock performance stands at 6.41%.


Visa (V) : 17 Wall Street analysts covering Visa (V) believe that the average level the stock could reach for the short term is $91.18. The maximum price target given is $100 and the minimum target for short term is around $77, hence the standard deviation is calculated at $5.84.

For the current week, the company shares have a recommendation consensus of Buy. Visa (NYSE:V): The stock opened at $81.74 and touched an intraday high of $82.26 on Friday. During the day, the stock corrected to an intraday low of $81.42, however, the bulls stepped in and pushed the price higher to close in the green at $82.07 with a gain of 0.07% for the day. The total traded volume for the day was 11,702,036. The stock had closed at $82.01 in the previous trading session.

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders, such as pay now with debit, pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital, eCommerce and mobile products and services.

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